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11 November 2024 | 10 replies
- Many flippers cut corners to boost their profits.4) Why are you worried about renovation percentages, when most already done?
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10 November 2024 | 1 reply
In the Tahoe area, some HOAs have a high percentage of STRs, making it easier to invest in those complexes.
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9 November 2024 | 1 reply
The general reason (avoiding any personal thoughts on wholesaling as a business) is that when you have a license, any fee you get for transacting or assisting in real estate must go through your brokerage and they must take their percentage.
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10 November 2024 | 6 replies
I would make the check out to both of them and let them figure it out as I assume the lease agreement did not have who was responsible by percentage.
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10 November 2024 | 12 replies
If this is becoming common in certain areas, do you think it might deter a significant percentage of potential guests?
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15 November 2024 | 17 replies
You may want to consider taking a percentage of Profits though instead of Revenue.
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10 November 2024 | 18 replies
I do not suspect that PetScreening.com catches a large percentage of the bogus ESAs, but just the potential of their ESA being flagged as bogus and losing their application fees to s far better than doing less.
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6 November 2024 | 0 replies
Others 15 yrs, etc.So we depreciate a portion of the asset costs faster.We do the study and get dollar amounts assigned to different parts and different schedules to front-load depreciation.Now you can get 5 or 6% of the value as a deduction in the early years...But wait... there's more.Bonus depreciation allows you to deduct a certain percentage of cost in the first year an asset is put into service.Anything that is on a schedule of 15 years or less...So the doors, sidewalks, HVAC, walls, latches, curbs, security, gates, etcA % of this stuff goes in Yr 1.For years 2015 through 2017, first-year bonus depreciation for these items was set at 50%.It was scheduled to go down to 40% in 2018 and 30% in 2019, 0% in 2020.But then the Tax Cuts and Jobs act moved this percentage to 100% from 2017 to 2022 and 80% in 2023 and 60% in 2024.Its not uncommon to allocate 30% of an asset cost to items that can be depreciated on a 15 year or faster time frame.So now 60% of that 30% of your asset's cost can be depreciated in the first year, excluding land.Pretty great.This is how real estate owners, investors, and operators make millions and pay very little in taxes compared to W2 employees.They pay even less and can offset other types of income if they are an RE Pro.
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6 November 2024 | 7 replies
If not true, what would be the rate percentage for down payments?
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8 November 2024 | 3 replies
We calculate rent plus all debt payments as a percentage of gross monthlyincome.Our underwriters strive to analyze and balance all the information above to determine the statistical likelihoodof a tenant paying their rent on time.ApprovalOnce an applicant is approved, we require a nonrefundable Holding Fee to make sure they are serious and don’tchange their minds.